Free Stock Market Intraday Tips for 12th October 2012

The last trading day of the week, Stock market opened in red today. The 30-share BSE index, Sensex collapsed 89.84 points and the 50-share NSE index, Nifty shed away 24.75 points and opened with 5,683.30 points.

The country's  second largest software company, Infosys flung over 7 percent after the revision of the guidelines of the company. Indian stock market opened imperceptibly lower due the blow down after the India's second-ranked software services provider reported a net profit of Rs 2,370 crore for the quarter ended September 2012 in comparison to the expectation of Rs 2,378 crore. 

Stock Market intraday tips for 12th October 

1. Federal Bank is a ‘BUY’ call with a target of Rs 510 and a stop loss of Rs 469.

2. Lupin Ltd is a ‘SELL’ call with a target of Rs 525 and a stop loss of Rs 558.

3. Unitech Ltd is a 'BUY' call with a target of Rs 29.50 and a stop loss of Rs 26.

4. Power Finance Corporation is a 'BUY' call with a target of Rs 221 and a stop loss of Rs 202.

5. JSW Steel Ltd is a 'BUY' call with a target of Rs 805 and a stop loss of Rs 756.

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Stock Market Intraday Calls for 11th Oct 2012

The Stock market slugged 22.66 points in the early morning session on Thursday.  The BSE Sensex shed around 0.1 percent in the mornins session and opened at 18,608.44 while NSE Nifty shed 8.25 points and opened at 5,643.90. The early losers included the Infosys which lost 0.6 percent, SBI and HDFC.

On the other hand JP Associates gained 1 per cent ahead of the gain of 2.4 percent of yesterday.

The largest bank of the country, State bank of India plunged 1 percent, while the private sector ICICI Bank declined 0.24 percent.
The Stocks in the stock market trading under pressure included BHEL which descended 1.5 percent in continuation of the loss from the previous day's 2 percent. NTPC, Sterlite, Hindalco, Bajaj Auto, Maruti, HDFC, L&T and M&M were also following in line.

The BSE Realty Index was trading 0.8 per cent higher while the BSE Oil & Gas Index was trading low 0.28 per cent. The BSE Power Index was down 0.3 per cent, the BSE IT Index declined 0.23 per cent and the BSE Capital goods Index was down 0.16 per cent. 
The BSE midcap index was trading flat, while the BSE Smallcap index was up 0.14 per cent. 

Stock Market Intraday Calls

1. Reliance Capital Ltd BSE -1.05 % is a 'SELL' call with a target of Rs 425 and a stop loss of     Rs 450 

2. PTC India Ltd BSE -1.54 % is a 'SELL' call with a target of Rs 60 and a stop loss of Rs 71 

3. IRB Infrastructure Ltd is a 'SELL' call with a target of Rs 140 and a stop loss of Rs 153 

4. Financial Technologies Ltd is a 'BUY' call with a target of Rs 1050 and a stop loss of Rs 980 

5. JP Associates Ltd is a 'SELL' call with a target of Rs 97 and a stop loss of Rs 83 

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